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Wrigley Company President, Dushan Petrovich, To Depart;
Martin Radvan Appointed Successor
CHICAGO (May 2, 2011) — The Wm. Wrigley Jr. Company announced today that its President, Dushan “Duke” Petrovich, will be retiring from the company at the end of the year. He will be succeeded by Martin Radvan, current Global President of the Drinks segment of Mars, Incorporated.
A 36-year veteran of the Wrigley Company, Petrovich, 57, was named President in 2008, following acquisition of the company by Mars, Incorporated. While Petrovich will continue to provide guidance to the business through the end of 2011, he will step out of the role effective June 30, to allow his successor to lead business planning for 2012.
“From generating strong business results to developing talent and engaging associates, Duke has set a very strong course for Wrigley’s future,” said Paul S. Michaels, President and Chief Executive Officer of Mars, Incorporated. “Duke has been a key part of Wrigley for almost four decades. Looking back to his appointment in October 2008, we could not have picked a better leader to steward the Wrigley business as a new segment of Mars.”
A native of Chicago, Petrovich began his career in the Wrigley finance department in 1975. He was the first-ever Wrigley associate to rise from an entry level position to become an elected officer of the Company, and over the course of his career led several key functions, including finance, human resources, supply chain, procurement, information technology, and corporate affairs.
“Three years ago, when we announced the Mars acquisition, I knew that we would be entering one of the most critical periods in Wrigley’s history,” said Petrovich. “I had always viewed this role as a three-year opportunity, and having seen it through, I am proud of all we have accomplished and confident that the business has a tremendous future.”
In succeeding Petrovich, Radvan will bring 25 years of experience across a number of businesses of Mars, Incorporated. Beginning his Mars career in the UK, Radvan progressed through a variety of roles in Europe and the Middle East, with experience in logistics, finance, planning, information technology and general management. From 2006 to 2009, Radvan served as Chief Information Officer of Mars, Incorporated, before being appointed to lead Global Drinks in 2009.
“I have been very impressed by Martin’s leadership of our Drinks business, as well as his strategic contributions as a member of the Mars Leadership Team,” said Michaels. “The talent he has shown for leading and developing teams and businesses will make him a great President for Wrigley.”
“After serving for the past two years on the Mars Leadership Team with Martin, I can say with first-hand certainty that he is a strong and caring leader, who is well suited to Wrigley,” added Petrovich.
Radvan is a British citizen, and will be relocating to Chicago later this year.
Wrigley is a recognized leader in confections with a wide range of product offerings including gum, mints, hard and chewy candies, and lollipops. The company has operations in more than 40 countries and distributes its world-famous brands in more than 180 countries. Wrigley’s well-loved brands include Extra®, Orbit®, Doublemint®, 5™, and Eclipse® chewing gums, as well as confectionery brands Skittles®, Starburst®, and Life Savers®. Wrigley is headquartered in Chicago, Illinois and operates as a subsidiary of Mars, Incorporated.
For more information, please visit www.wrigley.com.
About Mars, Incorporated
In 1911, Frank C. Mars made the first Mars candies in his Tacoma, Washington kitchen and established Mars’ first roots as a confectionery company. In the 1920s, Forrest E. Mars, Sr. joined his father in business and together they launched the MILKY WAY® bar. In 1932, Forrest, Sr. moved to the United Kingdom with a dream of building a business based on the philosophy of a “mutuality of benefits” for all stakeholders – this vision serves as the foundation of the Mars, Incorporated we are today. Based in McLean, Virginia, Mars has net sales of more than $30 billion and six business segments including Petcare, Chocolate, Wrigley, Food, Drinks and Symbioscience. More than 65,000 Associates worldwide are putting our Mars Principles in action every day to make a difference for people and the planet through our performance.
Mars brands include: Chocolate – M&M’S®, SNICKERS®, DOVE®, GALAXY®, MARS®, MILKY WAY® and TWIX®; Petcare – PEDIGREE®, WHISKAS®, SHEBA®, CESAR® and ROYAL CANIN®; Wrigley – ORBIT®, EXTRA®, STARBURST®, DOUBLEMINT® and SKITTLES®; Food – UNCLE BEN’S®, DOLMIO®, EBLY®, MASTERFOODS® and SEEDS OF CHANGE®; Drinks – ALTERRA COFFEE ROASTERS™, THE BRIGHT TEA CO.™, KLIX® and FLAVIA®; Symbioscience –SERAMIS®, CIRKU™ and COCOAVIA™.
For more information, please visit www.mars.com.
Andy Pharoah, 312-645-3696, email@example.com
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